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Compliance Statement

CR2 products are developed using latest technology to meet the changing market requirements and to conform to international standards. The products are under continuous development to keep up with market conventions, maintain compliance with future mandates and develop new functionality to maintain both the products and our customer's positions at the leading edge of the card issuing and acquiring market.

The following current developments provides evidence of CR2's continued commitment to ensuring new mandates are implemented efficiently:

EMV issuing compliant for BankWorld ATM and Sparrow
XFS compliant
EMV Acquirer compliant
Visa early option Issue compliant
EMV Issuer compliant for BankWorld ATM

 

 

EMV compliance dates



  EU CEMEA AP LA Caribbean North America
Visa Jan 2005
Mastercard Jan 2005
 
Triple Des compliance dates



Visa 1 Jan 03 - All new ATM's
1 Jan 04 - All new POI
1 Jan 06 - All PIN transactions from point of acceptance
Mastercard 1 Apr 03 - All host connections
1 Apr 03 - All new ATM's
1 Apr 05 - All ATM's. 3DES is strongly recommend for POI